ChainCatcher message, Vitalik responded to comments about "the level of governance in Zuzalu, Apecoin governance forum, and Arbitrum DAO" by stating: "Technically, any currency is permissioned: you need to obtain permission from an existing holder to become a holder.This indicates that there is actually a continuous trade-off between the permission levels of Apecoin and ZuVillage, and we can imagine a structure in between: becoming a member requires obtaining permission from multiple existing members, but it is still very open.For example, you can imagine a mechanism in the style of secondary financing, weighted by existing member points, to accumulate membership points. This is what I hope to see in OP Citizen House, Zuzalu community, and other DAOs that are experimenting. Formalizing and measuring membership is upstream of any formal governance, and it would be really cool if there were more ways to achieve highly decentralized and permissionless formal membership, but not just through token holding."

ChainCatcher news, the Russian government and the country's crypto miner BitRiver announced plans to build mining data centers in BRICS countries. The plan involves the Russian Direct Investment Fund (RDIF), and the two parties released the relevant news on October 18 at the BRICS Business Forum in Moscow.BitRiver CEO Igor Runets stated that the plan will focus on building infrastructure based on crypto mining to enhance global computing power to support the development of artificial intelligence projects.Currently, BitRiver has 21 data centers in Russia and is constructing 10 new centers. Although the specific details of the deal with BRICS have not been disclosed, both parties believe there is a shortage of space for energy-intensive data centers globally. RDIF CEO Kirill Dmitriev emphasized that developing AI computing capabilities is a priority for Russia and its BRICS partners.

ChainCatcher News, the Federal Reserve Bank of Minneapolis recently released a new research report expressing concerns about the impact of Bitcoin on government fiscal policy, suggesting that it may need to be taxed or legally prohibited to help the government manage deficits.The paper argues that Bitcoin complicates efforts to maintain a permanent government deficit, especially in an economy that relies on nominal debt. It points out that Bitcoin creates what is known as a "balanced budget trap," forcing the government to balance its budget.This paper has faced sharp criticism from Bitcoin supporters. Matthew Sigel, head of digital asset research at VanEck, stated that the Federal Reserve Bank of Minneapolis now aligns with the European Central Bank's (ECB) critical stance on Bitcoin.He noted that the document envisions implementing legal prohibitions and additional taxes on Bitcoin to ensure that government debt remains the only "risk-free" security.Dan McArdle, co-founder of Messari, specifically pointed out a paper published by the bank in 1996 titled "Money is Memory," which described money as a fixed supply object that does not enter production, a concept closely related to the design of Bitcoin.

ChainCatcher news, Sun Guanjun, the chief judge of the People's Court of Taiping and a senior judge at level four, and Wei Yuzheng, a judicial police officer from the judicial police team, co-authored "The Validity of Virtual Currency Transactions." The article points out that the legal and regulatory framework regarding the validity of virtual currency transactions should be improved as soon as possible.On one hand, it is necessary to quickly resolve historical issues and provide corresponding solutions on how to handle virtual currency transactions that occurred before the issuance of the "Announcement on Preventing the Risks of Token Issuance Financing" by the People's Bank of China, the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission.On the other hand, for the issues faced in judicial practice regarding the seizure and confiscation of virtual currencies that cannot be disposed of, feasible solutions should be introduced to maximize the protection of the parties' interests.

ChainCatcher news, according to China Securities Journal, Li Chao, Vice Chairman of the China Securities Regulatory Commission, stated today at the 2024 Financial Technology Conference's FinTech Forum that, overall, the application of financial technology in the capital market is becoming increasingly mature, providing strong support for the capital market to serve the real economy.Next, the CSRC will promote the in-depth application of new technologies such as artificial intelligence in the capital market to assist in the high-quality development of the capital market.

ChainCatcher news, the artificial intelligence search startup Perplexity is in discussions for funding, with its valuation set to more than double to $8 billion.Perplexity has completed two additional funding rounds in 2024, raising its valuation to $250 million, and then to $3 billion.

ChainCatcher message, DEX SushiSwap posted "Tomorrow" on X early this morning, possibly hinting at a major announcement.

ChainCatcher news, Vitalik released the future development of the Ethereum protocol (Part Three: The Scourge), proposing 2 key goals:Minimize the centralization risk of the Ethereum staking layer (especially in terms of block building and capital supply, i.e., MEV and staking pools);Minimize the risk of extracting excessive value from users.Vitalik emphasized that addressing issues such as the centralization bottleneck in block building, staking centralization due to economic reasons, the 32 ETH minimum staking requirement, and hardware requirements will contribute to the decentralized development of Ethereum.

ChainCatcher news, according to Jinshi reports, Russian President Putin stated that Russia will provide BRICS partners with the opportunity to use digital currency in the investment process.

ChainCatcher news, the non-custodial crypto wallet brand SafePal has announced a limited-time commission-free promotion for its Swiss banking channel service within the app. Users who successfully open an account before December 31, 2024, can enjoy 90 days of commission-free deposits and withdrawals, with the fees charged during this period fully refunded to the users' accounts.SafePal launched its compliant Swiss banking channel service in March this year, allowing users to apply for a Swiss bank account licensed by the Swiss Financial Market Supervisory Authority (FINMA) within the SafePal App. This account supports deposits, transfers, currency exchange, and other functions, and applications are currently open to users in over 70 countries and regions worldwide.

ChainCatcher news, Radiant Capital's official social media post reviewed that the protocol experienced a highly complex security vulnerability on the 16th, resulting in a loss of $50 million. The attacker exploited multiple developers' hardware wallets through highly advanced malware injection.During the intrusion, the front end of Safe Wallet (also known as Gnosis Safe) displayed legitimate transaction data, while the poisoned transactions were signed and executed in the background. This vulnerability occurred during a routine multi-signature emission adjustment process, which is conducted regularly to adapt to market conditions and utilization rates. DAO contributors strictly adhered to many industry standard operating procedures throughout the process. Each transaction was simulated on Tenderly to ensure accuracy and was individually reviewed by multiple developers at each signature stage. During these reviews, neither Tenderly nor the front-end checks in Safe showed any anomalies. To emphasize the importance of this, it was completely undetectable during the manual review of the Gnosis Safe UI and the Tenderly simulation of regular transactions, as confirmed by external security teams.Radiant Capital stated that it has been working closely with Seal911 and Hypernative and has implemented more robust multi-signature controls. The FBI and zeroShadow are fully aware of the violations and are actively working to freeze all stolen assets. The DAO is deeply disturbed by this attack and will continue to work tirelessly with relevant agencies to identify the attackers and recover the stolen funds as soon as possible.

ChainCatcher news, the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring) emphasized that even if the Financial Action Task Force (FATF) decides to blacklist Russia, its anti-money laundering system will continue to operate effectively. Previous assessments mentioned issues related to virtual currency regulation, but Rosfinmonitoring insists that these issues have been resolved.According to TASS, the regulatory agency stated: "The Russian Federation has improved its ratings on three FATF recommendations, with only one being downgraded to 'partially compliant' due to insufficient legislative regulation in the field of virtual currency circulation."However, Rosfinmonitoring pointed out that since these assessments, Russia has passed two federal laws to strengthen its digital currency regulatory framework. The agency added: "Since then, the Russian Federation has passed two federal laws regulating the circulation of digital currencies."It is reported that the FATF is an intergovernmental organization that sets global standards for anti-money laundering and combating the financing of terrorism. Whether Russia will be blacklisted will be discussed at the FATF plenary meeting from October 21 to 25.

ChainCatcher news, Slow Mist releases an analysis of the Radiant Capital security incident (Arbitrum chain):Radiant Capital uses a multi-signature wallet (0x111ceeee040739fd91d29c34c33e6b3e112f2177) to manage key operations such as contract upgrades and fund transfers. However, the attacker illegally gained control of the owner permissions of 3 out of the 11 owners of the multi-signature wallet.Since Radiant Capital's multi-signature wallet employs a 3/11 signature verification model, the attacker first used the private keys of these 3 owners to perform off-chain signatures, and then initiated an on-chain transaction from the multi-signature wallet to transfer the ownership of the LendingPoolAddressesProvider contract to a malicious contract controlled by the attacker.Subsequently, the malicious contract called the setLendingPoolImpl function of the LendingPoolAddressesProvider contract, upgrading the underlying logic contract of the Radiant lending pool to a malicious backdoor contract (0xf0c0a1a19886791c2dd6af71307496b1e16aa232).Finally, the attacker executed the backdoor function, transferring funds from various lending markets into the attack contract.Previous news, Radiant Capital suffered a cyber attack, resulting in losses exceeding $50 million.

ChainCatcher news, Vitalik released a new article on the future development of the Ethereum protocol (Part 2: The Surge): "Possible futures for the Ethereum protocol, part 2: The Surge," with the following key objectives:Achieve 100,000+ TPS on L1 + L2;Maintain the decentralization and robustness of L1;Ensure that at least some L2s fully inherit Ethereum's core properties (trustlessness, openness, censorship resistance);Maximize interoperability between L2s. Ethereum should function as an ecosystem, not 34 different blockchains.The article states that the current task is to complete the rollup-centric roadmap and address related issues while maintaining the robustness and decentralization of Ethereum L1.

ChainCatcher News: Japanese blockchain game development company double jump.tokyo announced a strategic partnership with the American Web3 fund Neoclassic Capital.double jump.tokyo plans to strengthen its collaboration with Asian and global Web3 startups through LP investments in Neoclassic Capital, accelerating the global adoption of Web3 technology. Neoclassic Capital is a venture capital firm focused on Web3 and digital assets, with a focus on investments in Asia and the entertainment industry.

ChainCatcher news, according to official sources, the ZK full-chain infrastructure project Ola has announced that all three seasons of its pre-TGE Massive network have concluded, and confirmed that the token reward pool for the third season is 3% of Ola's total supply.According to official data, over 230,000 validators registered across the three seasons, and user activity and validation duration in the third season have significantly increased compared to the previous two seasons. Users can now check their individual points proportion and corresponding token amounts for each of the three seasons through the Massive App or Ola's official website.In addition, Ola's officials revealed that the mainnet and TGE are in preparation, and the airdrop claiming rules will be announced soon. After TGE, Ola will upgrade to a yield-enhanced network based on ZK full-chain technology and will collaborate with high-quality industry projects to launch multiple yield products such as VIP mining and staking to earn tokens, with the first phase of activities focusing on the BTC ecosystem.